A word from our CEO

June 28, 2023

by Frandsen Marketing Team

Dear Valued Customer:
 
Back on March 14th, I sent an email communication regarding the uncertainty that was going on with the US banking system due to the failure of Silicon Valley Bank. Since that time, things have settled down a bit with the financial industry; however, we continue to hear about some stress due to the Federal Reserve’s action of rapidly increasing short-term interest rates. Given that backdrop, I want to share some good news about Frandsen Bank & Trust.
 
Last month, the Minneapolis / St. Paul Business Journal ranked FB&T as Minnesota's sixth-strongest large bank. These rankings were calculated using several measures from our call report. Read the full article (paywall).

In March, S&P Global Market Intelligence named FB&T one of the top 50 community banks in the nation. We ranked 23rd among banks between $3Billion and $10 billion in assets. Find out more.
Earlier this month, we were named a Top 200 Workplace by the Star Tribune. These rankings are based solely on the feedback of our employees. This is the sixth consecutive year we’ve made the list.

We’re an SBA Preferred Lender and rank #1 in SBA 7(a) loan volume year-to-date in Minnesota. We are very proud of our support of small businesses in our communities. Read more from our SBA Division Manager.
 
While we are proud of these accolades, we couldn’t earn them without you, our valued customers. Frandsen Bank & Trust is here to serve your personal needs and that of your businesses. After all, without the confidence of our local communities and businesses, we wouldn’t be here.
 
Even with over $3 billion in assets, Frandsen Bank & Trust continues to be a local community bank due to our structure. As we grow, so does our ability to serve you and your businesses.
 
Thanks for your ongoing confidence in Frandsen Bank & Trust.
                                                                                                                                              
Chuck Mausbach
Chief Executive Officer
 

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